Office:
Structure
General Meeting of Shareholders
The general meeting of shareholders is the highest governing body of the Company.
The General Meeting of Shareholders is held in the terms established by the Charter of the Company, but not later than 6 (six) months after the end of the financial year. At the annual general meeting of shareholders, it is mandatory to review the annual report on the activities of the Company, as well as other documents stipulated by the legislation of the Republic of Uzbekistan. All meetings held in addition to the annual General Meeting of Shareholders are extraordinary. The date of the General Meeting of Shareholders, the form for notifying shareholders of its holding, the list of materials (information) provided to shareholders in preparation for the General Meeting of Shareholders are determined by the Company's Supervisory Board.
The exclusive competence of the General Meeting of Shareholders includes:
The General Meeting of Shareholders is held in the terms established by the Charter of the Company, but not later than 6 (six) months after the end of the financial year. At the annual general meeting of shareholders, it is mandatory to review the annual report on the activities of the Company, as well as other documents stipulated by the legislation of the Republic of Uzbekistan. All meetings held in addition to the annual General Meeting of Shareholders are extraordinary. The date of the General Meeting of Shareholders, the form for notifying shareholders of its holding, the list of materials (information) provided to shareholders in preparation for the General Meeting of Shareholders are determined by the Company's Supervisory Board.
The exclusive competence of the General Meeting of Shareholders includes:
- introduction of amendments and additions to the Charter of the Company or approval of the Charter of the Company in a new edition;
- reorganization of the Company;
- liquidation of the Company, appointment of a liquidator and approval of interim and final liquidation balance sheets;
- determination of the quantitative composition of the Supervisory Board of the Company, the election of its members and the early termination of their powers;
- determination of the maximum size of authorized shares, as well as the introduction of changes and additions to the Company's Articles of Association related to the declared shares;
- increase and decrease of the Authorized Fund of the Company;
- election of members of the Company's Audit Commission and early termination of their powers;
- the decision to conduct an audit, the definition of an audit organization and the maximum amount of payment for its services;
- approval of annual reports, balance sheets, accounts of profits and losses of the Company, distribution of its profits and losses;
- hearing reports of the Supervisory Board of the Company on matters within its competence, including compliance with the requirements for managing the Company established by the legislation;
- making a decision on the non-use of the preemptive right of a shareholder to purchase shares and securities convertible into shares, in case of their placement through an open subscription;
- approval of the regulations of the General Meeting of Shareholders;
- splitting and consolidation of shares;
- making decisions on the execution of large transactions;
- making a decision on the conclusion of a transaction in which a member of the Supervisory Board of the Company, a person holding a position in other management bodies of the Company, a shareholder (s) holding 20 or more percent of the Company's voting shares, if specified their spouses, parents, children, brothers, sisters, as well as all their affiliates;
- solution of other issues stipulated by the legislation of the Republic of Uzbekistan and the Charter of the Company.